A sample was taken from a large population. Here are the gat…
A sample was taken from a large population. Here are the gathered statistics: . A.) If you were to find a 90% confidence interval for the population mean based on the above information, would you use a z-value (Z) or a t-value (T)? [a] B.) What should that value be? [b] Retype your answer. [c] C.) Find the 90% confidence interval. Note: Show your work as: point estimate margin of error, then type the final answer as an interval. (Be sure your answers have 3 decimal places, if needed.) [d] [e] or ([f], [g])
Read DetailsA population has 1100 members and its standard deviation is…
A population has 1100 members and its standard deviation is . Determine the size of the standard error if your sample is formed from 100 members of this population. (Use 3 decimal places in your answer.) [a] Retype your answer. [b]
Read DetailsUsing the same situation in Question 2, if it is known that…
Using the same situation in Question 2, if it is known that 25 out of the 250 students went to an SI session to help them study for Exam 3, then this proportion 25/250 = 0.1 is considered a _____ and would have the symbol ____.
Read DetailsYou are about to conduct a study of mortgage loans for peopl…
You are about to conduct a study of mortgage loans for people who have graduated college in the past 5 years. From a pilot study, you estimate that the standard deviation of these mortgages is about $66,000. What sample size would you actually need to use in order to have a margin of error no greater than $5,000 with 97.5% confidence? The z-value needed for this is: [a] The sample size is [b] Retype your answer. [c]
Read DetailsIn 2020, the final exam scores of students taking an introdu…
In 2020, the final exam scores of students taking an introductory statistics class was normally distributed with a mean score of 149 and a standard deviation of 16. What is the probability that the average final exam score for a sample of 64 students was between 140 and 150? (Enter all values for the indicated steps in your solutions) [a][b] [c] – [d] = [e]
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